Supermarket - Asian Groceries - W1937

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$225,000

Description

Asian Grocery - Supermarket selling Korean and Japanese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent shelving, spacing gives products maximum display and accessibility. No similar businesses around this area - high margin business with separate cool room, fridge room installed for fruit and vegetables.

Potential

Add more Chinese products as well as Indian. Suits family business . Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area. - Do some local marketing and advertising. Add more vegetables and fruits.

Features

Absolutely no competition. - Prime location. A good size Asian grocery store. Stable business with regular customers. Spacious and bright. Established 8 years. Regular customers.

Premises

This business has an area of 105 sq. mts. - including storage + cool room

Location

Situated in shopping arcade in Northern Beaches with lots of passing trade.

Trading Hours

7 days - 9:00 am to 7:30 pm.

Lease

5 + 5 year lease from November 2020 - 3 months bond, Rent increases by 3.5%

Employees

1 owner full time +1 part timer (3:30 p.m. - 7:30 p.m.( 4 hrs per day)

Comments

High margin business. - Inspection is highly recommended. - Figures available on appointment with POS system. Very easy to run business.- Owner will provide full training for 4 weeks. Inspection through your broker. Motivated vendor. A must inspection.

SBX ID

W1937

Figures
  • Takings: $12500/week (GST)
  • Cost of Goods: $5000
  • Gross Profit: $7500
  • Rent: $1000
  • Wages: $550
  • Insurance: $82
  • Electricity: $350
  • Total Expenses: $1982
  • Nett Profit: $5518
  • Estimated Stock (Additional): $75000
  • All other values ex GST
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